The price and quantity of computers that should be produced to maximize the firm’s profits will be $360 and 80 computers.
The demand curve for College Computers is given as (Q) = 800 - 2P where, P = 400 - 0.5Q.
Therefore, the weekly total revenue will be:
= (400 - 0.5Q) × Q
= 400Q - 05Q²
Marginal revenue = 400 - Q
Weekly cost of producing computers will be:
= 1200 + 2Q²
Marginal cost = 4Q
Maximum profit will b earned when MR = MC
Therefore, 400 - Q = 4Q
Collect like terms
4Q + Q = 400
5Q = 400
Q = 400/5
Q = 80
Quantity = 80 units
Therefore, the price will be:
P = 400 - 0.5Q
P = 400 - 0.5(80)
P = 400 - 40.
P = 360
The price is $360.
The weekly total revenue will be:
TR = price × quantity.
TR = 360 × 80
TR = $28800
The total cost will be:
TC = 1200 + 2(80)²
TC = 1200 + 12800
TC = 14000
Therefore, the profit will be:
= TR - TC
= $28800 - $14000
= $14800
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The correct answer would be option C, Socialist System.
Socialist system is another term for a planned economy.
Explanation:
An economic system, in which the economy(including investment, capital and allocation of capital goods) is governed by a predefined economic and production plans, is called as the Planned Economy, socialist economy, or the command economy.
The system of planning in this economic system can either be centralized, decentralized or participatory.
This economic system is regulated by the Government. All decisions about the capital, lands, buildings, machinery, or other resources are taken by the government.
The production, prices, distribution, etc of the products or services are regulated centrally by the government.
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Answer:
2017 2016 2015
CURRENT RATIO 1,88 2,52 2,87
ACID-TEST RATIO 0,93 1,30 1,72
Explanation:
CURRENT RATIO
Total Current Assets
====================
Total Current Liabilities
ACID-TEST RATIO
Total Current Assets - (Merchandise Inventory + Prepaid Expenses)
============================================================
Total Current Liabilities
Answer:
c. IBM issues 2,000,000 shares of new stock and sells them to the public through an investment banker
Explanation:
The primary market is the market when for the first time the new securities such as shares, stocks, etc. are being provided to the general public or we can refer initial public offer. The initial public offer is an illustration of the primary market
Whereas the secondary market is the market where the shares are bought or sold through the investors after they are provided to the general public.
For examples-New York Stock Exchange (NYSE), etc.
Answer:
The two factors that determine the form of ownership of a business are;
1. Start-up costs
2. Level of control desired
Explanation:
The form of ownership of a business defines the structure with which the business will be governed. There are different form of business ownership that exist, namely; sole proprietorship, partnerships and corporations. They all differ in different aspects as shown;
1. Sole proprietorship
A sole proprietorship as the name suggests is a business structure where there is only one owner. The owner is in charge of the business profits and liabilities. It is generally a simple business structure that needs a small company, where filing tax returns are very easy.
2. Partnerships
A partnership is a business structure where two or more parties come together to form a business. The parties are responsible for the profits depending on the amount contributed by each party. Each individual always pool their resources towards the successful completion of a given project therefor each party is liable for their own profits and risks.
3. Corporations
Corporation are similar in a way to partnerships since they involve two or more parties with the major difference being that a corporation is a separate legal entity. So the liability is always to the corporation itself and not to the parties that constitute the corporation.
Two factors that determine the form of ownership of the business are;
1. Start-up costs: if you intend to minimize the cost of starting up you business then a sole proprietorship is the best option due to its simplistic nature and very minimal start-up expenses.
2. Level of control desired: Depending on the level of control one would like to have in the business regarding decision making and the daily operations of the business. If one needs a larger level of control, the best option would be sole proprietorship, while minimal control would require a coorporation form of ownership.